Tag: cost of production

ELECTRIC CARS & OIL INDUSTRY

The world’s biggest oil producers are starting to take electric vehicles seriously as a long-term threat. OPEC quintupled its forecast for sales of plug-in EVs, and oil producers from Exxon Mobil Corp. to BP Plc also revised […]

Advertisements
Advertisements

Economic and market highlights

There are plenty senseless oil and gas forecasts published by leading financial institutions as an attempt to convince people that oil and gas companies will soon be profitable again due to improvement of crude oil […]

What might be the reason for Theresa May to call for early elections.

It was a surprise for everyone to learn that the U.K. Prime Minister, Theresa May decided to call for snap elections. Some analysts believe that the purpose of her decision to call for early elections […]

Oil Falls Below $50 as Surging U.S. Output Undermines OPEC Cuts

Oil dropped below $50 a barrel as investors lost faith that an extension of OPEC-led supply cuts will overcome growing U.S. production and ease a global glut. Front-month futures in New York fell 6.7 percent […]

NUMBERS DO NOT SUPPORT OPTIMISM

S&P Global published report titled “Industry Top Trend 2017” which indicates that rating trends across the energy sector continue to stabilise. The sub-sectors with the highest percentage of negative outlooks primarily are oilfield services and […]

What is behind Tillerson’s statement on upcoming “comprehensive review” to determine the U.S. strategy on Iran?

The statement made by Secretary of State regarding Trump’s administration intent to conduct “comprehensive review” on Iran, initially seemed to be surprising. I could not understand why would the U.S. government decided to do it […]

THE BLOOD BATH CONTINUES IN THE US MAJOR OIL INDUSTRY

The carnage continues in the U.S. major oil industry as they sink further and further in the RED.  The top three U.S. oil companies, whose profits were once the envy of the energy sector, are […]